Cellnex Telecom (OTCMKTS:CLLNY) Coverage Initiated at Royal Bank of Canada

Investment analysts at Royal Bank of Canada began coverage on shares of Cellnex Telecom (OTCMKTS:CLLNY) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set an “outperform” rating on the stock.

CLLNY has been the topic of several other research reports. Berenberg Bank reissued a “buy” rating on shares of Cellnex Telecom in a research note on Tuesday, June 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Cellnex Telecom in a report on Thursday, September 9th. Barclays reiterated an “overweight” rating on shares of Cellnex Telecom in a research report on Friday, August 20th. Finally, Sanford C. Bernstein began coverage on shares of Cellnex Telecom in a research report on Tuesday, September 7th. They set an “outperform” rating for the company. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Shares of OTCMKTS:CLLNY opened at $34.69 on Monday. The company’s fifty day moving average is $33.94 and its 200 day moving average is $31.04. Cellnex Telecom has a 52 week low of $23.84 and a 52 week high of $37.06.

About Cellnex Telecom

Cellnex Telecom SA engages in the operation of wireless telecommunications and broadcasting infrastructures. Its business activities include rental of sites for telecom operators, broadcast infrastructure activity, and other network services. It operates through the following geographical segments: Spain, Italy, Netherlands, France, Switzerland, and Other Countries.

Featured Story: Purposes and Functions of the Federal Reserve

The Fly logo

Analyst Recommendations for Cellnex Telecom (OTCMKTS:CLLNY)

Receive News & Ratings for Cellnex Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cellnex Telecom and related companies with MarketBeat.com's FREE daily email newsletter.